SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : THE JOHN KERRY ADORATION SOCIETY -- Ignore unavailable to you. Want to Upgrade?


To: PROLIFE who wrote (145)5/7/2003 1:52:58 PM
From: JakeStraw  Respond to of 248
 
Kerry Praises Clinton Tax Increase, Trashes Reagan

Massachusetts Democratic presidential hopeful Sen. John Kerry gave voters a revealing insight into how he would deal with the sour economy Monday morning when he praised disgraced ex-President Bill Clinton for raising taxes and trashed the tax-cutting economic policies of Ronald Reagan.

"People hate to admit this but it was Bill Clinton and the Democrats in 1993, without one Republican vote, who actually did deficit reduction," he told radio host Don Imus.

Kerry credited the Clinton tax increase for bringing about "the greatest growth in this country in modern history, 23 million jobs created, lowest inflation, lowest unemployment."

"We not only balanced the budget but we paid down the debt," he added.

But in the next breath, the man who served as Michael Dukakis' lieutenant governor complained, "Now we've turned that around and we have deficits just like Ronald Reagan, as far as the eye can see."

When Imus pointed out that the so-called Clinton boom actually began during the last few months of President Bush's (41) term, Kerry admitted reluctantly, "There was some turnaround in the [business] cycle.

"But what President Clinton did was restore the confidence level by showing Wall Street that we were indeed going to be responsible in Washington," he contended.

Kerry was not asked if Clinton's deep cuts in the military budget had anything to do with balancing the budget - an assessment held by conservative economists - or whether the resultant Clinton military drawdown had left America vulnerable to the Sept. 11 attack.

Ironically, ex-President Clinton himself has admitted that his 1993 tax increase went too far. In an uncharacteristic moment of candor he told a Texas fund raiser in 1995: "Probably there are people in this room still mad at me, at that budget, because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too."